European stocks climb at open; London up 0.40pc

LONDON: Europe's main stock markets advanced at the start of trading on Monday, withLondon's FTSE 100 benchmark index of top shares gaining 0.40 percent to 5,878.33 points.

Elsewhere,Frankfurt's DAX 30 added 0.39 percent to 7,022.64 and inParisthe CAC 40 increased by 0.56 percent to 3,495.76 points.

Asian stocks were mostly higher on Monday following a positive lead fromNew Yorkand bargain hunting after last week's losses, but gains were capped by lingering concerns overChina's economy.

Before the weekend, Wall Street reversed initial losses to end the week on a high note on Friday, shrugging off dull news fromEuropeand a downbeat picture ofUShome sales.